Explain how a flexible budget can be of value to businesses

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A: A Cash flow statement is a financial statement which helps an entity to understand the flow of cash ...

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A: The term "complete liquidation" refers to the situation in which a company is unable to continue ope...

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Q: Jones Corporation borrowed P80,000 from Brown Corporation on Jan 1,1993 and P12,000 on Jan 1, 1995. ...

A: The answer is stated below:

Q: Which is not a feature of final tax? A. Covers certain passive income B. Covers all capital gains C....

A: Solution Capital gain can be defined as any profit that is received through the sale of capital asse...

Q: How much is the budgeted balance for Accounts Payable at October 31, 2022?

A: Account payable  means the amount owed by business to outsider for the goods received and services r...

Q: Value. On December 31, 2021, IJUN reported an inventory of P5,500,000 and an allowance for inventory...

A: Historical cost is the cost or the original cost of the Product which we used to own that.. Net Real...

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A: Net Income = Total Revenue - Total expense Retained earnings , ending balance = Retained earnings , ...

Q: On January 1, Year 1, Kennard Co. issued $2,000,000, 5%, 10-year bonds, with interest payable on Jun...

A:

Q: Demo Consulting is a consulting firm owned and operated by Jesse Flatt. The following end-of-period ...

A: Net Income = Total Revenue - Total expense Retained earnings , ending balance = Retained earnings , ...

Q: Transactions for the Flounder Company, which provides welding services, for the month of June are pr...

A: Flounder company provides Welding services. The question requires to provide the journal entries for...

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A: Financial Management- Financial management refers to the process of controlling of the sources of fu...

Q: The acid-test ratio is (Round your answer to 2 decimal places.):

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A: Manufacturing overhead is the cost that is associated with making the product. Generally, these are ...

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A: Increase in expense should be debited. Increase in liabilitie should be credited.

Q: E4.13 (LO 3), AN Keenan Company has an inexperienced accountant. During the first 2 weeks on the job...

A: Journal entry: A Journal entry is used to record a business transaction in the accounting records of...

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Q: The journal entry needed to record P5,000 of advertising for Westwood Manufacturing would include: O...

A: Advertising Expense is a financial statement account that reports the dollar amount of advertisement...

Q: 825.000 1.050 000 1.400 000

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Q: Solo Corp. is evaluating a project with the following cash flows: Year Cash Flow 01 29.200 11,400 14...

A:

Q: de for the five perforr lieves to be most imp RATING

A: Preference matrix: It is a table showing the comparison of alternatives according to their performan...

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A: Journal entries are used to maintain track of financial transactions. To create a journal entry, you...

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A: Trial Balance: Trial balance is a statement in which the closing balance of all ledger accounts are ...

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A: Solution: Since As per Chegg's guidelines each question is answered to a maximum of four sub parts. ...

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A: Sales means the amount recorded in books as revenue earned by selling the goods or services. Account...

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A: Rip Court Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models...

Q: Return on assets

A: Return on assets is computed as net income upon total assets of the company.

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A: Hi student Since there are multiple subparts, we will answer only first three subparts.

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Cash budget

A cash budget is an estimate of an organization's cash flow for the future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future. If cash receipts are insufficient to cover future expenses, an organization may plan to obtain funds from other sources. After estimating the sales, purchase, and capital expenditure budgets for the year, management develops a cash budget. These budgets are created to ensure that an organization's cash flow is managed. It is important to note that only cash transactions are recorded when actual cash enters and exits an organization.